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Fed Hikes Rates, Unleashing First Tightening Cycle In Over 11 Years
On the 7th anniversary of entering ZIRP, and for the first time since June 29th 2006, The Federal Reserve announced today that it will try and raise interest rates:
*FED RAISES INTEREST RATES 0.25 POINT IN UNANIMOUS VOTE
Of course, the flowery language and dots are as dovish as possible while maintaining some semblance of credibility with regard growth expectations as The Fed unleashes a tightening cycle for the first time in over 11 years.
Pre-FOMC: S&P Futs 2050, 2Y 98bps, 10Y 2.29%, Gold $1072, Oil $36, EURUSD 1.0960
Wow - 10-year Treasury liquidity - lowest I've EVER seen it.. back to 2008 at least
— Eric Scott Hunsader (@nanexllc) December 16, 2015
Heading into the decision, gold and silver suddenly started to fade, bond yields slid notably, and the USD jerked lower.
What's happened since The Fed folded in September? Macro "data" got worse... Market "data" got better...
The Fed has never raised rates in December when stocks were down over the last 6 months...
h/t @RyanDetrick
And when it has raised rates in December, stocks have pushed lower.
The Fed is raising rates today with the VIX above 20 for the first time since 2000...
That did not end well...
The Fed is also raising rates with Junk bonds trading worse that after Lehman...
* * *
In the end, the Fed did not surprise, and raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be “gradual” and in line with previous projections. The Federal Open Market Committee unanimously voted to set the new target range for the federal funds rate at 0.25 percent to 0.5 percent, up from zero to 0.25 percent. Policy makers separately forecast an appropriate rate of 1.375 percent at the end of 2016, the same as September, implying four quarter-point increases in the target range next year, based on the median number from 17 officials.
“The committee judges that there has been considerable improvement in labor market conditions this year, and it is reasonably confident that inflation will rise, over the medium term, to its 2 percent objective,” the FOMC said in a statement Wednesday following a two-day meeting in Washington. The Fed said it raised rates “given the economic outlook, and recognizing the time it takes for policy actions to affect future economic outcomes.”
The increase draws to a close an unprecedented period of record-low rates that were part of extraordinary and controversial Fed policies designed to stimulate the U.S. economy in the wake of the most devastating financial crisis since the Great Depression. The FOMC lowered its benchmark rate to near zero in December 2008, three months after the collapse of investment bank Lehman Brothers Holdings Inc. and 10 months before unemployment in the U.S. peaked at 10 percent.
* * *
Full Redline below:
The number of words per statement:
There was much expectation that the Fed's announcement would be a Dovish hike based on a reduction in the 2016 median dot, however the Fed did not do that, and instead while the Kocherlakota negative dot was removed, the FOMC kept the median 2016 fed funds rate at 1.4% for year end, suggesting 4 rate hikes during 2016 and that the market is underestimating the pace of rate increases.
Where there was some dovishness was in the 2017 year end median FF, which was reduced from 2.6% to 2.4%. This can be seen in the compared dot plots.
Additionally, what is perhaps even more surprising is that while the Fed did boost its 2016 year end GDP forecast, it cut the median core PCE forecast from 1.7% to 1.6%, suggesting that the deflationary forces continue to prevail aside from the "transitory" impact of oil.
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So what happened Tyler? ZH offline...I was about to go back to smoking meth.
DDoS FEDCOCK FUCK.
I'm not battening down the hatches, I'm running for the hills.
Piss on the FED.
HANG THE FED !
The fed broke the Hedge.
History will simply remember it as a hedge too far
ABC Media must be running it on a budget. Wonder if the owners of ABC Media belong to a tribe?
Uuuhhhh, Disney?
What was that? Did they DDOS you right after the announcement?
When as many of us as there are try to get to the site, it acts just like a DDOS attack, some backbone routers may have geeked when they saw all the traffic.
Bullshit. It was an attack. This site has handled quite large volumes of traffic before.
They will track it. They will find out. And you can bet that they will expose it.
The Goyerments (many thx to Brandon) are all about managing the perspective as they believe that appearances are much more important than actual substance.
In fact that is the underlying attitude of far too many and is the root of the problems. Nobody wants to deal with reality as delusions are much more comfortable.
Like you, perhaps?
A rate hike so large it crashed ZH!
Zerohedge.com is DOWN for everyone.
It is not just you. The server is not responding...
So is ZH under attack! Part of a full Fed frontal?
a preview of Trump's "Outer Limits" Internet:
https://www.youtube.com/watch?v=8CtjhWhw2I8
Did somebody request a liquidity enema? I think it landed on zerohedge.com.
No, not spooky at all, not spooky at all.
Market acting like nothing has changed. Hopefully silver goes on sale soon!
BTW, I'm not changing my name!
No need. You are but an infant at this stage, ahead of your time, that's all.
On the unicorn highway. Yihaa!
The bell tolls twelve, and all is well.
dingding, dingding.
The Fed sold $1T in junk bonds over the last few weeks. That won't create a supply glut. Everything is awesome!
What's that flushing sound?
How odd, ZH went down at 2, came back almost exactly an hour later.
Somebody threw the switch on our asses.
Look, ma!
We're finally Somebody!
That would be Paul (Moe). I hated his fucking guts. The fucker didn't like the compliments too well.
Goody ! .... maybe now we'll all make another 28 cents per month on our savings !
Nope rate hike on prime but not on deposits....
awwww ... rats !
You mean the JPMorgue isn't going to double the interest on my deposits to two one-hundrdths of one percent?
Shit, there goes that 12-pack of pop I was going to buy at Walgreen's for the year.
I want to hear what this now means from all the prognosticators who've said all along, "They'll NEVER raise rates!" Will they parse their previous statements or is the end neigh?
Peter Schiff said in a recent commentary that he was now allowing for a possibly of a rate hike because the Fed had gone out of its way to change the narrative from rate hike = rocket liftoff to an expectation that the Fed was going to be more slow and cautious. I'm with him that the Fed cannot claim victory and say that QE and rate cuts "worked" until they actually normalize rates and shrink the balance sheet like they said they would.
DOW on it's way to an all-time high. Not a chance in hell they raise rate again in 2016. They are more dovish then ever
Is it the end of the world?
No!
Just another Zero Hedge website crash!!!
YO...What Happened?
so in need of my ZH Fix right at THAT moment
poof...you when away
Funny, most movements in the various markets are just the opposite of what you would expect. Of course the first move is usually the wrong move!
Next move will be to reverse, but not until after some painful conditions for the plebes.
Welcome to the beginning of the end. It was nice knowing you guys.
Oh, the wee woman is up for it.
Hey ZH, the banks and finacial system are supposed to convulse after the .25% hike, not your server!
Posted in the wrong place. Relocated.
Conan the Libertarian...Let's try this again...
There is always Kitco Forums. They cannot totally quiet us. They'd lose the entire communications network if they attempted it.
Edit...Okay...That is screwing up...I cannot reply to your post as it is relocating underneath this one for some reason.
she had no choice but to raise. they were in a box. SPY will go up and test 210.00 and then most likely roll-over IMO.
im guessing they didn't expect the dollar to get beat-up & gold fly on this.
Did USD get beat up?
Looks to me like a mixed bag. The big ticket trade outside of $yen is US/Europe and USD rallied 20 pips...
No draining of liquidity. So expect a bond market rally rather than steepening of the yield curve. How they're going to manage jawboning another rate rise is beyond me.
My guess is they're going to throw the stock market under the bus, because liquidity has to remain to prop up bond markets without QE.
Will an 1/4% increase matter? Only to the extent it affects USDJPY. The yen carry trade -- and, to some extent oil prices -- are still ALL THAT MATTER.
Yellen "don't need to see oil prices rebound" translates into we'll keep oil prices low so we can sell the BoJ on further declines in the yen and rationalize continued dovish monetary stance.
http://pebblewriter.com/just-another-day/
How the hell can this insolvent bank raise interest rates I will never know.
This press conference is such a theatre...
It was probably practiced 17 times with everybody and the questions were available 3 days before to prep Janet...
I would like to see somebody ask a "real" question, instead of all the nerds giving her one straight line after the other.
The nerds know if they go off script and ask the wrong questions, they'll get thrown out, won't be invited back and will soon wind up unemployed nerds.
Next will be housing going in the shitter after mortgage apps drop.
I cant wait. Housing is WAY overpriced in CA.
It is overpriced in almost all other places as well, though most not as bad as CA. No place is immune to the effects of QE, ZIRP and the twist.
smellin' yellin...someone left the gate open....to the cunt farm
back to tumblr, they have some purty pictures on there
As expected.
Now on to the next question -- the time frame of the rate cut. A month? Quarter? Before the elections?
So much for never raising rates.
This realy is a short bus rally LOL
Reality will set in by tmrw
When you see what they are about to do to the USD, you will understand all the upcoming rate hikes. There cannot possibly be enough organic economic demand for the USD in this economy. The USD is way too high. That was the policy error. The rate hikes are as much cover for the USD take down as the other way around.
Duh. Raising rates while every other central bank is doing nirp and printing like mad???? That means a strong dollar, not weaker.
Please, try to engage your brain once in a while.
Uhh - No... Contra liquidity policy when the rest of the world is printing? USD should rally. It's not a comment on value - just common sense...
The fact that such a miniscule rate rise has anyone up in arms is all you need to know about how fucked up things truly are. I'm sitting this one out.
D-Day for Fed! https://youtu.be/v_5QBJx0Im8
RELEASE THE KRACKEN!
So Granny Jack did it! I didn't think she would.
Let's see how long it sticks.
burp
Contrary to popular predictions of doom, the only thing the Fed managed to crash was the Zero Hedge server.
DOW 20K here we come - and it won't mean a fucking thing to the actual "real" economy
Progressive criminal banker policy at it's finest.
Grimaldus
Just as Hank Paulson threatened Congress with the need for 700 billion bailout or else "heaven help us all', it appears as if these same bankers have been crying to the FED "heaven help the economy if you raise interest rates, the markets will tank, etc."
Bottom line , it is all BS. Time will tell , but it looks as if the FED has given all the insiders plenty of time to preposition themselves in front of this rate increase. So far matkets taking it all in stride.
Interesting that gold is inching up. Did the FED mistakenly assume that the higher interest rate would mean in the short term a stronger dollar, and thus decrease demand for gold, and drop in price? I.e., let its "guard" (manipulation) down?
Well JANET IS LIKE THE queen of Hollywood.
WHen Carole Lombard was asked about her torrid love life with Clark G, the King of Hollywood; she quipped :
If his peepee were one inch shorter we would call him the Queen of Hollywood.
Well, Janet you are the Queen with a .25% + interest rate.
Lets hope it grows on you and you really become the undisputed KING !
WTF? Z/H gets ZAPPED for over a half an hour? [Error 503 servers overloaded]
Welcome to China{PBoC}, who'll be berry hoppy about the $usd selling after the announcement.
Keep your eyes on the prize folks... It's that $1.1 trillion OPEX expiry on FRYday. :-D
Yes. Yes. Yes..
Can the PPT shit $1.1 Trillion? Yeah? After Yellen announces her strategy to REMOVE $800 Billion?
When an irresistable force encounters an unmovable object you can expect some fireworks...I'd say.
Looking forward to Friday.
LMAO.
It will be spectacular.
Of course, if this doesn't work to revive animal spirits, there's always Plan B...
And speaking of Plan B?...
Seen this one before... CVA 65 and 75 are gettin mighty old and are too costly to decommission properly (nuclear propulsion systems) aside.
Already have Fukushima planted firmly in our brains with the radiation to match (just ask the men and women aboard this U.S. aircraft carrier how that went) so what's a little more of it to start another charitable war of choice for all of that money that's already been spent and lost over 14 long years!!!
signed
Federal Reserve Bank
OMG -- thrown off ZH -- couldn't log back on -- down -- down --down -- went to lie down -- called doctor -- ZH back up -- feel better -- gasp (!)
We clearly need to move Z/H to the "dark net" with all the other terrorists.
At least there should be some agreed meeting point to be able to vent if this happens again.
How about myspace.com?
Who CUT the Hedge?
CNBC headline is "Yellen: Fed Policy Remains Accomodative"
Think about that for a moment.
How can a criminal cartel ever have credibility? How does an alleged news organization have any credibility by not reporting the facts about the Federal Reserve?
I don't care what s/he hikes as long as it's not h/er skirt.
No wonder Benanke wanted to leave ASAP.
He knew he created a mess.
gold/silver/commodities should go down on a rate increase not up. Man the financial system is upside down
I picked the right day to start sniffing glue.
Jeez, first it turns out that Gold isnt going to rally to $3000, then it turns out that there isnt QE Infinity, and lastly it turns out that the Fed wont stay at 0% forever either!
The combined moronosphere on Zerohedge really isnt kicking alot of goals these days.
Let's not forget the world was going to end on last september's jewish holiday. Before that jade helm. And every 3 months or so before that, going back to infinity.
How many drooling idiots said we wouldn't make it to the end of this year? Nuclear war with russia last week and the week before.
On deck -- Obama's gonna cancel the election.
OT/ But relevant to GOP Operatics and how the international media sees the Exterme right sing its hate arias :
http://www.theguardian.com/us-news/2015/dec/16/republican-debate-isis-wa...
So, how much slower does the deficit get paid down now..... :) almost couldn't keep a straight face with that...
Prepare the Laser!
They made it go green today. Wonder what it cost them?...... Or should I say us
They have an iron grip on markets. There appears to be a 'team' in place moving the markets in such a way as to confirm to the "agenda". The next logical step is for every trader out there to follow suit, becasue, what the f*, let us just join the momentum and make some money in the process... Yeah, the prices do not make any sense, but who cares?
"todays decision reflects our confidence in the US economy".
AAAAARRRGGGHHHH!!!!!!!!!!!!!
Constantly hearing these lies make me want to eat a pack of razorblades!
But feel free to continue with your collective psychotic, racist, sexist, paranoid, conspiratorial explanations of the world. As ever.
Dude, the nonFedral Reserve, convening to set market interest rates is a conspiracy.
I'm gonna go ahead and predict an interesting last 30 minutes in the market today.
WOW! I mean WOW!
They actually hiked rates!?!
You know folks, that means they've thrown in the towel,
and are more interested in keeping the FED afloat
than they are about WS...
Is the US$ really THAT close to the vortex???
To all stock investors, ho ho ho, merry fucking Xmas.
Have a stroke, you bitch!
I guess I’m the one with shit for brains. The good news is bad news is bad again.
OK - rates went up a whopping 0.25% and NOTHING FUCKING HAPPENED!!!! HaHaHa
I know next to nothing .. let's go with nothing - about economics but when money can be borrowed for free - fukin free! - and then they want 000.25% and that's a problem, that's fucked up. If a 000.25% rate increase on a loan is going to sink you - sorry, you're already fuked. The good news is that the side by side I bought was for cash. Heavy sucker but the thing will not jam or need parts.
Your PPT was hard at work.
Look at the whipsaws that happened after 2PM on those charts.
And on Friday all hell will break loose. And when it does then I will be rejoicing.
HaHaHa.
what happend dudes? we get ddos'd?
"There could always be an Unseen Shock to the financial markets" ~ Yellen
Raise that Flag boys, raise it high and false.
Oh no and the economy was just heating up!
Why would they raise rates now? To show fake confidence in the economy? This would make the dollar stronger, right? Deflationary? I wish I were smart.
I'm not smart, but I do know some economics and the play is pretty simple in principle but very hard to read in practice.
I think the FED are saying to hell with the economy and are more interested in sending earnings to banks, themselves included. Rising levels of cash in their pockets and the higher yield on cash are the real story here. Yes a rising interest rate should support Dollar strength but it's not like it makes much difference. The Dollar is not a FED concearn as much as the solvency of the banking system.
In the current market, there's no saying whether "lift off" would be deflationary. Yes technically it should be, but financial stocks will soar and this might bouy the "recovery" from losses in the real sector. The fiscal sector is literally eating the real sector alive right now. It's like a crack dealer that's hooked the whole neighbourhood on cheap crystal and is now demanding more. People become fiends and dealers kings.
We'll see what happens now in junk bonds and whether tightening the taps on liquidity will unhinge things... unexpectedly... for now, expect some serious frothiness. I have a feeling it will take an event in debt markets, real corporate earnings or in funding decisions for Congress to get people to start thinking. The question is how much higher can rates go before we get an event? Will an event even be heeded by the FED?
Poor December sales are inevitable, so time will tell how tight banks will squeeze and if the death of the real sector is at hand.
-- now is a good time to take that job at the bank, there might not be any others in the months to come.
I bet Yellen and crew read ZH. Probably reading it right now...
Or better yet, some real Old Testament wrath of God type stuff. Fire and brimstone coming down from the skies! Rivers and seas boiling! Forty years of darkness! Earthquakes, volcanoes...The dead rising from the grave! Human sacrifice, dogs and cats living together... mass hysteria!"
We're *waiting*.
Give it a couple months, things are about to get really interesting. People think this is about growth and inflation, possibly the Dollar. They are falling for the shell game. What's happening is bankers have us where they want us, loaded up with credit. They'll raise and raise until they strangle everything to get themselves solvent.
Making the peasants fight for scraps is how it starts.
Or better yet, some real Old Testament wrath of God type stuff. Fire and brimstone coming down from the skies! Rivers and seas boiling! Forty years of darkness! Earthquakes, volcanoes...The dead rising from the grave! Human sacrifice, dogs and cats living together... mass hysteria!"
We're *waiting*.
Listening to her jawboning to the press, right now.
Really excruciating listening to her yammer on. The lies she spews about inflation and employment are the same we've seen from .guv and the media.
Just keep repeating the lies, Janet. Eventually even boobus americanus won't believe you.
Unfortunately there is no limit to the stupidity and gullibility of boobus americanus....they wont wake up until there's no more doritos on the shelves! Even then they will willingly go to FEMA camps if promised more doritos...
To quote PCR ". People as uninformed and as gullible as Americans have no future. Americans are a dead people that history is about to run over."...
http://www.paulcraigroberts.org/2014/11/20/pcr-interviewed-russia-italy/
Wasn't it Goebbels who said, “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
Funny.
He was talking about the jewish controlled allies and their lies.
Ignorant people trying to appear intelligent always get a kick about kicking the Nazi's down and thinking that they are better because of jew lies they learned in publik skool.
But the USA is worse than ze Germans ever were, in fact everything the Germans were the USA could never be, sadly. Just too many weak stupid people who pray at the alter of team vagina....ha!
Same as it ever was.
Gobbels from the grave rape!
c'mon baby let the good times roll...all night long.
Fuck the FED, fuck the money changers, fuck the entire CENTRAL BANK SCAM and fuck the subserviant politcians who've displayed nothing short of cowardice to allow this shit and daylight robbery of the plebs to take place. Bring the whole shit down and end this charade. CUNTS!
OK. Tyler and the rest of you buffoons at ZH. That came and went with no earthquakes,tidal waves,or other disasters. You guys need to hurry up and get your next fear inducing headlines dreamed up.
Hi Glad ... The Bear battle is lost today but the war awaits
claiming victory after the first 5 min.
its gonna hurt u bad
We shall see.
RAT WAS KIKED
Snappy comment. I know you've only been here a week, but might I suggest that you redirect your energies into upgrading your nom de guerre and image plus learning how not to double post. Then we can insult each other with more mental imagery.
47 weeks pffffffffffffffff look in the mirror
ignorance is raletad to stupidity
now go back to your hobbys, like washing the floor and the dishes
47 weeks pffffffffffffffff look in the mirror
ignorance is raletad to stupidity
now go back to your hobbys, like washing the floor and the dishes
rofl...
Love the name and avatar not to mention the call out. Cheers.
becase of stupid rat kikes zh hedge went down
"On the 7th anniversary of entering ZIRP"
Another reference to the chosenite 7 year cycle???
Great Bear...ish opportunity when the night aglos with to push ES +10 over close at 12:00 tonight ... be ready
It's a festivus miracle!
Well, i have to admit I was wrong. I honestly couldn't conceive that the Fed would raise rates until Obama was out of office. Well they did so I was wrong. Let's see how this plays out shall we?
Raising rates signals his term a success but the rate of adjustment is slow enough and from a low enough base to preclude any problems popping up. When rates start going over 1% he'll have handed the baton on and all the problems that he created.
Big ups for admitting your error in prognostication. Takes an adult to do that. Everyone makes mistakes, adults take responsibility for them.
From a rational perspective - with the incorrect assumption the FED is interested in protecting the us economy - it would be madness to raise rates. However, the reason I suspected they would - followed by a near immediate capitulation within days or weeks followed by a move to NIRP - is because the FED is NOT interested in protecting the us economy. It is interested in empowering it's hidden owners/masters.
The primary goal of those hidden string pullers is world governance in a WTO unelected tribunal type format, as seen emerging in the TPP and other transnational trade agreements, coupled with their long held dream of a Bancor/SDR/Phoenix global digital currency.
To get to their goal nations must be bankrupted, "bad banks" scapegoated (up to and including the Squid, JPM and the FED itself) and the people impoverished to give political cover for their "White Knight" rescue by the BIS/IMF and its Bancor/SDR/Phoenix currency to save the day. The rate raise out the fuse, derivatives are the thermite. One can almost hear lord Rothschild yelling, "Pull it!"
oh god you're all wrong, this is all about creating movement on the markets (up or down)
next month the fed will announce it's lowering the rate....
and everyone that knew about it from the begining will have made big bucks !
it's cashing time, don't forget, nobody cares about reality anymore, it's all about extracting as much as you can out
OH BOY....Well here is our token rate hike...emjoy this year without any other further attempt to tigheten...the next stumble in the stock market will ensure that...The Fed Can NEVER RAISE RATES...so enjoy this sub 1% for the next 10 years..because we will never surpass 1%
Ho Lee Phuk the market is on a run away.
Wow Liesman looks like he smells like piss
SHANANIGANS!!!
This means next to nothing if you ask me. If they didnt hike the economy would have collapsed soon. Now that they've hiked, the economy will collapse soon.
Rates were raised for "Main Street" but the liquidity provided to Jewish titans is not being curtailed at all, as the Fed went out of its way to announce. It's extraordinary- it's bearish every "real" commodity but bullish fake Internet stocks who will never have any GAAP earnings. And, of course, bullish M&A for Goldman and buybacks for the Jewish raiders. Every time I think the Jew has reached his limit of shame, or of stealing my money, he reminds me he has no such constraints or limits.
Is there any way we can subdivide threads so that those of us who are independent thinkers but not rabid anti-semites can actually take part?
A lot of good discussion can be had without the boogy man being invoked at any opportunity...
BTW: This wasn't for Main St... Main St is in debt to their ears in revolving credit and the prime rate is going up (went up)... So go fish...
If you are such an "independant thinker", as you claim to be, how can you not come to the inevitable conclusion that jews run the world, to the detriment to all life on earth, its a jew world order?
For instance.
The suxtent virus that disabled fukushima daiiachi caused a....explosion from what israelis put there.
Now the israelis are controlling the situation and hiding the truth and killing the planet....just like they coveredup themselves after 911.
The very bottom of the rot and corruption on earth has been by the jews.
And you are so pathetic...you need a safe space? Do you want a pillow for your head, coward?
Wait stuxtnet caused an earthquake?
Also, if you folks used the term Zionist which includes non-Jew globalists and excludes Jewish children and Jewish people who are actually amazing fucking human beings you might get more traction. Blaming all the worlds ills on Jews is a non-starter because it's empirically false.
Globalists and Zionists are reasonable terms or Illuminati if you prefer. We all get who you mean. If you start going off the rails with "All Jews" which is implied by the word Jews you sound like an idiot with not the slightest grasp of history let alone reality.
Are there Jews who are plotting for global government and/or "Greater Israel"? Yes! Are there insane Rabbis who see "goyim" as cattle? Yes! Are all or even most Jews pure evil sociopaths? FUCK NO!
That kind of essentialist bullshit is worthless and actually gives COVER to indivual Jews who engage in the kind of plotting you speak of. There are people of every race, gender, religion, creed and background who are trying to bring about despotism of one form or another. There are also the overwhelming majority of all people from all backgrounds who are decent human beings.
Blaming everything on ONE group at the level of race/culture due to circumstances of birth is unbelievably stupid and dangerous and again provides cover for actual psychopaths who threaten us all.
No no no... rates were raised for BANKS! This is the tightening of the banking leash on the peasants!
We asked the masters for help, put our heads in their noose and now they will SQUEEEEEEEEEEEEEEEZE.
-- and please drop the anti-semitism, it's terrible and no good for the ZH community. Jews are people too.
Indeed Jews are people too. And, in my experience, good people. Zionists, on the other hand, not so much.
Exactly. +1 and see my post above. It's beyond old.
On the 7th anniversary of entering ZIRP . . .
Remember LaGarde's weird speech with all the references to the number "7"?? Coincidence?? I think not . . . when it comes to crazy shit like numerology and references to their "sacred" numbers (7, 11, 22 and 33) there are no coincidences with TPTB . . . . . my question is what does this signify, if anything??
Yeah but the point is that nothing came of LaGarde's 'prophesy'. The day came and went. I think you can make the numbers add up to anything if you set out to find a pattern.
There is no prophecy. Only the marking of the start of an era of overt enslavement.
So much for fake recovery.
The only expectation that I have from this is more dollar strengthening ... but that has already been in the works.
Plan B needs to be over 10 grand. The whirly birds here.
OH! NO! Payday loans are going up to 466.25% a year!
http://www.sltrib.com/news/1807724-155/payday-loan-utah-loans-interest-l...
Vertigo is for pussies! Look! Up there! A golden mountain goat!